Word: trading
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Dates: during 1980-1989
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...joint project of the U.S. Commerce Department and Japan's Ministry of International Trade and Industry, the study examined the comparative prices of 122 products ranging from catsup to cameras. The results: 84 items were priced higher in Japan's capital than in the Big Apple. The more dramatic examples included European spark plugs ($7.60 in Tokyo, $1.70 in New York), U.S.-made electric shavers ($90.15 vs. $44.95) and Australian bed linen ($63.40 vs. $20). The Bush Administration is likely to cite the survey as evidence that Japanese trade barriers hinder competition that would lead to lower prices in that...
...evolving as it recognizes other accents, other rhythms, other struggles. There was a moment when certain East Coast urban men told us everything about the universe that we could know. Then the trade routes shifted. I think that the great mesa to stand on now is on the Pacific Coast. Not a mountain, but a mesa...
Cutler's boss is trying to get the message out that hard times are on the way. Lee Iacocca, who visited Washington last week to lobby Congress for a tougher, more focused U.S. trade and industrial policy toward Japan, said in a recent interview with the trade publication Automotive News, "They don't know there is a war on. They don't have the foggiest idea. Am I saying the worst is yet to come? I don't think we've bottomed out yet. That is what I am saying." No one in Detroit would contest his argument. The outcome...
...Well, of course. But at the same time we have to say yes on many issues. First of all, we -- particularly politicians -- should say no to some groups of people at home. For example, Japan's distribution system is a shambles. The Japanese Fair Trade Commission is a den of Finance Ministry bureaucrats in collusion with industries. It's perfectly understandable that the U.S. got frustrated over some trade issues...
...Then why does Japan make concessions in response to U.S. trade demands...